Here's an important article. It will, at some point, affect your bank! Will you and your friends be prepared?
https://www.wsj.com/articles/banks-double-down-on-branch-cutbacks-1517826601
"Banks are closing branches at the fastest pace in decades, as they leave less profitable regions and fewer customers use tellers for routine transactions.
"The number of branches in the U.S. shrank by more than 1,700 in the 12 months ended in June 2017, the biggest decline on record, according to a Wall Street Journal analysis of federal data."
Clif High has long forecast bank failures, starting with regional banks that are over-leveraged, and then the domino effect will start.
Here's a list of bank failures from 2009 to 2016. Although there are less and less closures, no new banks rose up to replace the ones that died. They were absorbed by bigger banks who bought them for pennies on the dollar, just like 2008.
And with all that, just look at this list of bailouts, and see how many banks are in there, even "Government Sachs". Guess who's paying for that... you are! **Thank you Uncle
Due to fractional reserve banking, banks not only are making money they don't deserve, at our expense, they are overextended in the amount of loans on their books, some of which are underperforming. They're the same people who created the crash of 2008. Nothing happened to them... They were too crooked to go to jail.
And as you and I move more and more toward cryptos, the less and less we'll need the banks. And as cryptos soar higher, dwarfing the gains of the bond and stock markets, more and more fiat will flood into cryptos, further compounding the effect.
We'll hear Banks, like Jamie Dimon, complain loudly about Bitcoin and cryptos, but that's because they understand they are losing profits, and will become obsolete. Sorry guys, that's the progress you've been stifling for all these decades. You used the long arm of government to gorge, but now dinner is over.
Cryptos will rise, fiat will drop, and banks, and their need, will drop along with them.
Even with all the privilege of creating money out of thin air, they are still caving. I hope this be a lesson to the followers of John Maynard Keynes. You can't create prosperity by simply printing money... there needs to be value... like that old saying goes:
"Only when the last tree has been felled, the last fish caught, the last river poisoned, will you know that man cannot eat money."
To me, that not only applies to the need to care for the world around us, it also reminds me that money is just an idea backed by confidence. It is Barter 2.0.
But that system still requires a central authority (bank or government) to guarantee that those funds are not counterfeit (illegally, of course, banks print money legally) and that those dollars have value (because the government says it does).
Cryptos are Barter 3.0. They are trustless, because the system doesn't let you spend the same crypto more than once... just like you can't spend the same bill more than once, but you could, with digital money... like banks do.
Cryptos are also decentralized, so a single point of failure, like a government, or bank doesn't exist. Venezuela, Zimbabwe or even the US can fall into disarray, and Bitcoin and the other alt coins will still have value. May even have more value as people from those countries abandon their fiat for a safer haven.
Do you get the depth of that? That takes political instability out of the equation. The whole country can go to hell and you can still take your cryptos and buy goods elsewhere. Economies won't need to stop because politicians got greedy. And since they can't control the flow of cryptos, they can't destroy economies as easily either. There's an old maxim: "money goes where it is welcome." I pity the countries that do not embrace cryptos.
If you are a skeptic, take a deep breath and broaden your mind. How did you feel about the Internet at first? Or cell phones? Or cell phone cameras. Just look at the changes all those things brought about.
If you're a believer, become an evangelist. Tell your friends and family. The sooner they get involved, the greater the rewards will be.
If you're an evangelist, keep it up. The world needs this technology. It'll open a better world for everybody. Remind people every day forewarned is forearmed.
The storm is coming. It happened to the Swiss Franc, the Deutsche Mark, and the British Pound. It happened to the Brazilian Cruzeiro and the Real.
Banks are the reason, and politicians were the cause. Cryptos are the cure!
The clock is ticking. I hope you and your friends are prepared.
Good fortune to you, and as always, thank you for sharing your Light with me.
Download the Tor Browser here - protect your cryptos from hackers and malicious websites.
Sign up for ProtonMail here - protect your crypto related communications from hackers.
Hold your own cryptos -- don't leave them at the exchanges:
Download the Exodus wallet here.
Download the Jaxx wallet here.
(I do recommend you download and install both!)
Convert your worthless fiat into cryptos:
Sign up on Coinbase here, and we both get $10
Sign up for Binance here:
Sign up for Kraken here
Sign up for Gemini here
Sign up for Poloniex here
If you're interested in Liberty, sign up here for your 1776 Tokens.
Or feel free to shower me with cryptos:
Bitcoin: 12Npj8xAAKnf7EJxZStgeecpniE1pbSvcd
Ether: 0x2636538545ebbcea63fd47af1d4fe3e27f5c3936
Dash: XjGWDB7twAHiN9jk3RUmcQRHq6FxvHvYJu
Litecoin: LN4DeZwJDgTbcaXoBXatrGq2JaXVfkMdi5
ZCash: t1fwHkzXfNGCDV19Xq9esWkCRLcCQFcDddN
And Doge, just because it's Doge: D7wuTkhicw2P2vwKx49RXJ9dhVJoXJoKTQ